Mortgage data collected from seven national banks with large mortgage-servicing portfolios shows that 96.5% of first-lien residential mortgage loans serviced there remained current in the first quarter, up slightly from a year earlier (96.2%). These […]
The departure of a top White House advisor on financial issues – and who oversaw the Trump administration’s nomination process for top financial regulators now in office – spurred a comment from the chairman of […]
Registration for lenders to participate in the Federal Reserve’s Main Street Lending Program is now open, according a web page on the Boston Federal Reserve Bank’s website. Once they have registered, lenders become “eligible” to […]
Access to credit for nonprofit organizations through loans to small and medium-sized groups that were in sound financial condition before the coronavirus pandemic is the hoped-for result of an expanded lending facility by the Federal […]
Banks were still profitable in the first quarter of the year but much less so compared to the same period a year before, as net income dropped by $42.2 billion or 69.6%, the federal insurer […]
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